PLI scheme for auto sector: Auto ancillary stocks surge - Varroc Engg hits upper circuit, Sundaram Brake up 5%
The majority of the auto components manufacturing (auto ancillary) company stocks soared up to 5 per cent, as the government on Wednesday approved the Rs 26,000 crore Production Linked Incentive (PLI) scheme for the Indian automobile sector.
This is the 10th PLI scheme announcement was made during a cabinet briefing on Wednesday by Union Minister Anurag Thakur: PTI